Stokely Calls 4th-quarter Earnings Forecasts High

March 19, 1991

Stokely USA Inc. expects results for the fourth quarter ending March 31 to be ``well below`` stock market expectations of 25 to 30 cents per share, and that net income could approach ``break even`` levels. Chairman Joseph B. Weix said that though the outlook for the quarter after strong January results was ``encouraging,`` sales for the last six weeks have been ``lethargic.``

Stokely, a producer of canned and frozen fruits and vegetables based in Oconomowoc, Wis., earned 77 cents a share on sales of $88.8 million in the year-earlier quarter.